Crypto markets mixed as Fed meets to decide rates
Led by ETH and DOT, crypto market pushes higher
The price of BTC, meanwhile, isn’t slouching.
The global cryptocurrency market capitalization is pushing higher today after increasing by approximately 5.5%. Driving the wider market are ETH and DOT, which are up 10% and 17%, respectively, over the past 24 hours. The price of BTC, meanwhile, isn’t scoffing at a 5% gain.
Leading headlines today is the news that TradingView has raised nearly $300 million in a funding round led by Tiger Global Management — putting the popular trading platform’s valuation at $3 billion.
Top altcoin gainers and losers: KISHU keeps surging
Yesterday’s big winner, KISHU, is the third top-performing altcoin on OKX today — per the exchange’s default time settings. Indeed, smaller-cap altcoins are playing catch up across the board, with AXS playing a leadership role for large-caps.
BTC technical analysis: Grinding higher but slowing down
The price of BTC continues to grind higher but could be losing steam as it approaches all-time highs. The four-hour ribbon of exponential moving averages continues to provide support from underneath. Should BTCUSDT cut through the EMA ribbon in a sell-off, it is difficult to imagine the historic wide resistance zone (red) failing to present an area of buying interest.
ETH technical analysis: Undergoing sharp recovery
The price of ETH is undergoing something of a V-shaped correction on lower time frames against BTC. ETHBTC has surged through the four-hour EMA ribbon that had been providing resistance, but the trading pair will soon run into an area of expected resistance (blue line) around 0.067 BTC.
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